OREANDA-NEWS. February 08, 2012. Hebei Iron and Steel Group released its pricing policy for shipments during February 1-10. Its production arms Tangshan Steel, Xuanhua Steel, Chengde Steel and Handan Steel have decided to roll over their offers for rebar and wire rod.

As of January 30, there were five major steelmakers that had released their official February pricing strategies. Mills in East, North, Central South and north-western China raised their prices for construction steel by between 10 yuan and 70 yuan a ton while those in north-eastern China cut the prices by 50 yuan to 80 yuan.

Experts said there is little room for the steel prices to further slip. The market may experience a round of upward movements in the near future. But any material long-lasting progress still depends on the real recovery in end-user demand.